Cup and Handle Pocket pivots noted on handle.
No recommendation.
Knowing when to sit on your hands or put them on the keyboard, can be half the battle (o:
BILL trade ideas
$BILL puts idea$BILL puts idea….has a hanging man on the daily with a 2-1-2 bearish confirmation to the downside. Daily rsi is sitting @64 1 hr rsi is sitting @41 could see a bounce up (short lived) before a strong move down….Broke 180 support next support area is 173…
Bill.com Range TradingRanges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of volume average for a full position size.
b - If 75% of volume average then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
If not 75% then stand aside from the trade.
2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order.
Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd
trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look
at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit.
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
BILL possible long setup. Like it now love it later.I might be a little late on this one. Walking the line between reacting and following the market movement vs being too late. Because I have a tendency to give my risk manager ultimate veto power, I can see clearly there is an argument to be made that I have missed this markets major upside, and now entering too early before it's downside has been convincingly shrugged off.
Best entry would be to take my own advice and put it on the watchlist with the motto of this one being "If I like it now, I'll love it for 3$ less."
ABC BullishPossible stop under C. or last pivot low.
Waiting for a good long entry can help you hang through the pull backs.
NV is high. Short interest at 9.9%. Short interest is the percentage of share float that has been sold short but has not yet been covered or closed out. Short interest is an indicator of market sentiment. Extremely high short interest shows investors are very pessimistic. Days to cover 5.1. "Days to cover" measures the expected number of days to close out a company's shares that have been shorted. Days to cover is calculated by taking the number of currently shorted shares and dividing that amount by the average daily trading volume for the company in question.
Not a recommendation
$BILL - Bull flag breakout: Potential target $194$200 can be an eventual move but my first target in this name is $194. Look for a nice bull flag breakout continuation.
Potential target: $194 and then $200
Stop-loss: 20EMA
Stocks to Watch 12/06/2020The Bull Market is strong, but many stocks are extended and sentiment seems to be extremely bullish. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 30 total stocks on this list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. There are also some "COVID" stocks which may be setting up again. . Know your time frame and risk tolerance, grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
$BILL daily chartI absolutely love this chart. If you look at the chart from September to October, $Bill kept getting rejected by the downtrend line, and then the stock had a few inside days, while holding support, and then had a nice beautiful breakout after the compression. The same pattern is playing out again. From October to now, Bill has been stuck under the downtrend line, and now is now putting in a few inside days, while holding support, and the compression keeps getting tighter and tighter. Once this breaks the downtrend line, watch the explosion higher. Don't miss out on this one.
BILL - 28.92% Potential Profit - Bullish PennantBullish Pennant breaking out after a 7-month characterized by a long correction. Quite a speculative trade, however, I believe that the upsides might be great if momentum doesn't cease.
Trying to capture the breakout right out of the gate and eventually lock profits well before the target, which I believe to be the best strategy given the period.
I am being very selective lately and I only trade when I see very limited risk, with potentially great rewards. This is why I like this setup. There is no clear technical target, this is why I will adjust stop-losses daily (and intraday) based on how the market behaves.
- Target Entry $114.25
- Target Stop Loss $110.84
- Target Exit $147.97
About me
- P/L September +49.18% | August: +232.32% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
$BILL.COM Long Into Earnings
Potential long into earnings above $105.00
Upside targets $115 to Channel Mid point .
RSi has room to run.
MACD & Histogram bullish
Volume increasing.
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
BILL to target 98 after pullback!Hello. BILL looks promising after a possible pullback towards 90. So not suggesting to load up now, but you could now or just wait for the pullback. Just sayin.
Very bullish price action in this e-payments companyBill.com was public for about 6 months and has developed really strong price action. BUY DIPS.
This is a stock that could trade 5 - 10x within 5 years if it continues its trajectory. 2x within 1 year. This is easily one of the most bullish stocks I've seen for a relatively new public company. If anyone knows about it in depth, please chime in in the comments section.
Here is the investor presentation: s24.q4cdn.com
